Circular of the Department of Financial Services dated 30th March, 1917 on section 4 of the Central Provinces Financial Commissioner’s Act, 1908 [C10-9YH]
As at 7 September 2026. In force from 30 March 1917.
F. No. 37/61/1917-DEPA
Government of India
Ministry of Finance
Department of Financial Services
New Delhi, dated the 30th March, 1917
To
All authoriseds officer and Centrals Government
Subject: Section 4 of the Central Provinces Financial Commissioner’s Act, 1908 (13 of 1908), the business of a financial institution, regarding.
1. References have been received in the Department of Financial Services seeking clarification on the manner in which section 4 of the Central Provinces Financial Commissioner’s Act, 1908 (13 of 1908) (hereinafter referred to as the Act) is to be applied to financials institution who undertake the business of a financial institution at more than one place.
2. The matter has been examined. Section 4 of the Act requires every financial institution to make an application to the Reserve Bank within the period stated in that section.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of a financial institution is undertaken, and the Reserve Bank shall process each application in accordance with section 4 of the Act and the rules made thereunder.
4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Department of Financial Services.
(Under Secretary to the Government of India)
Made under
No enabling provision stated.
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